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Dollar firms in countdown to non-farm payrolls

Dollar firms in countdown to non-farm payrolls

Alongside the yen, the pound is a notable laggard today as cable falls further following a breakdown yesterday below 1.2000. The drop also took out support from the 23.6 Fib retracement level of the swing higher since September, seen at 1.1953. That gives sellers with more scope to chase a further downside move - potentially looking at the 100-day moving average (red line) next at 1.1663.

But of course, any further... Read More

Posted: Jan 6 2023, 11:47
Author Name: forexlive
Views: 110954

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